Elon Musk’s SpaceX raised its valuation to $175 billion

December 7, 2023 – 2:50 p.m.

In this way, the aerospace company would become one of the 75 largest companies in the world by capitalization.

SpaceX, Elon Musk's company, raised its valuation to $175 billion.

The aerospace company Elon Musk, SpaceXbegan conversations about the private sale of shares at a price that values ​​the company at US$175,000 million or moreAs reported Bloomberg.

The startup is negotiating a takeover bid that could range between 500 and 750 million dollarssources close to the operation pointed out and explained that SpaceX considers offer shares at around $95 each. Although, since the tender has not been finalized, the valuation of the company cannot be determined, which could be higher.

SpaceX would become one of the 75 largest companies in the world by capitalization

The increase in valuation to US$175,000 million means an additional increase of US$25,000 million to the valuation that the company obtained through a public acquisition offer this summer. This way, SpaceX would become in one of the 75 largest companies in the world by market capitalizationalong with Nike Inc.

The aerospace company is on track to post revenue of around $9 billion this year in their businesses rocket launch y Starlinky Sales are expected to increase by around 15 billion in 2024.

The company is also discussing a Starlink IPO at the end of next year, an attempt to capitalize on the strong demand for communications through space. For his part, Elon Musk stated in November that Starlinkthe satellite Internet unit of SpaceXhad achieved a breakeven point in cash flow.

Starlink It is the largest satellite company in the world and has a network of around 5,000 satellites in low Earth orbit.

The post first appeared on www.ambito.com

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